Estimate the market risk for a hypothetical holding of 1,000,000 WBC shares, held on March 3, 2022 (you are working out the risk position assuming that you own these shares at the open of trading that day).

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The task you are given is to estimate the market risk for a hypothetical holding of 1,000,000 WBC shares, held on March 3, 2022 (you are working out the risk position assuming that you own these shares at the open of trading that day). You will do this by estimating the Value-at-Risk for the stock using historical data.

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